Alibaba to invest Rs 200 Crores in Indian and Indonesian markets

UCWeb (part of Alibaba group) has announced plans to invest amount of Rs 200 Corers ($2M USD) in Indian and Indonesian markets. The countries have reported immense usage and traffic of Alibaba and this internet giant plans to take over the market in next couple of years.

UCNews is the major product of UCWeb Inc. It is a big-data product content distributor. The content features in the categories of news, sports, technology, fashion, movies, entertainment, lifestyle, humor, health and many more. With 5 months of the app launch, UCWeb has gained the top downloaded apps under the news categories in Google Play. The app progress is at the increase rate of 184%. The news is available in both English and Hindi in India.

Jack Huang, the president of overseas market, Alibaba Groups, said “India has consummated the content more through its mobile devices, there is huge potential growth of content in India. Compared to China which consumes 600M mobile app users and 20M content creators, India has only 371M mobile app users and minimum contribution towards content creation. Our flagship product UC Browser has also transformed itself from being the No.1 mobile browser in India. India is the most critical overseas market for UCWeb and this investment will help bring in the global mobile internet.”

UCWeb will add resources to aid quality enhancement of vertical content and news in regional and minority languages. In addition, UCWeb will also introduce column operation in order to service quality content and bloggers.

Looking for good home made food at office? Try TinMen Prices start at just 70 RS per meal.

Startups generally celebrate every small reason, But if the reason is about a milestone achievement then it makes a big difference. This victorious path is not an easier one and we have faced and surpassed many challenges in the last few months to meet our target of half a million visitors. While our ambition is a much bigger number, the target we achieved was planned towards the end of the financial year and our team made it possible 4 months in advance.

Indeed a great effort by Shishir Kumar and the entire team and a special thanks to the avid readers of IndianCEO for following us. IndianCEO is indeed my first bet in to media business and believe me this is just the beginning. Early next year we have some great product announcements and our next milestone is not far away.